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Articles from Bryan Benson | Selfgrowth.com
- What Is The Best Way To Go When Using Comps? Part II - by Submitted on Apr 24, 2008 from Bryan BensonPart II As we talked about in part 1, using comps requires a little more than just relying on data. I also talked briefly about the sophistication of the valuation model. The truth is, it just is not that sophisticated. Basically what I am saying is do the comps (just use the more recent comps ...
Views: 745 - How Do You Define What a Good Mailing List Is? Part 2 - by Submitted on May 02, 2008 from Bryan BensonPart 2 Most people become discouraged and get hung up in the response rate. The response rate is irrelevant people. What relevant is how much money did you spend, and how much did you get back? It doesn't make any difference what the response rate is... it really doesn't matter how many calls ...
Views: 743 - Questions About Auctions: What You Need To Know! Part Two - by Submitted on Apr 09, 2008 from Bryan BensonPart Two: The Nitty-Gritty So you have decided to try your hand at an auction. We talked about the basics of an auction in part one. Mainly, you learned whether or not you should participate in an auction (as a seller) in terms of price for your property. Now we’ll dive a little deeper ...
Views: 742 - How To Proceed In Land Trust Part III - by Submitted on Apr 07, 2008 from Bryan BensonRemember your great house? Remember the great deal with the potential to make an additional 20%? And lastly, remember the owner who is still living in your house? As we said in part II, you need to get the owner out of there. In case you cannot come up with the money to cash this thing out, ...
Views: 738 - Over Leverage Or Short Sale? - by Submitted on Dec 28, 2007 from Bryan BensonAn over leverage home is one that you want to stay away from… meaning that the amount owed is more than what the house is worth, even more than the AVR. About the only thing you can do with these homes is list them. An exception might be if there is significant damage to the home, for ...
Views: 736 - Questions About Auctions: What You Need To Know! Part One - by Submitted on Apr 09, 2008 from Bryan BensonPart One: The Basics Do you have a home that you would like to get rid of but just aren’t sure how? Maybe an auction is right for you. Auctions are becoming increasingly important to talk about. The worst thing you can do is agree to an auction (not knowing a thing about them). We are ...
Views: 734 - Criteria With Small Equities - Part I - by Submitted on Apr 25, 2008 from Bryan BensonPart I Say you are in a small town in the south. In fact, let’s say you are in Arkansas. And in Arkansas they have a lot of pre-foreclosures with small equities, like $3,000.00-$4,000.00 equity. Is there anything there worth fishing? It depends. This answer may seem vague, but you need ...
Views: 732 - Vacant House: What's My Move? - by Submitted on Apr 17, 2008 from Bryan BensonHere’s a scenario for you. Say you have an option on a house for sale and it is out of state. It has been on the market (off and on) for over five years. The house is vacant as the owner lives out of state. What do you do? The answer to your problem is to auction it. Many people have been ...
Views: 731 - Get Those Houses Sold! Part IV - by Submitted on Apr 21, 2008 from Bryan BensonPart IV In part I, we talked about our situation. It boiled down to this-excess home, no buyers. And to top it off the market is flooded with excess homes. We left off in part one talking about what you needed to do. Part II talked about your strategies and identifying the problem of your ...
Views: 728 - Nine Ways To Improve Your Closing Ratio - Part 1 - by Submitted on Dec 03, 2007 from Bryan BensonYou’ve pre-qualified your prospects. They look good and you’ve made an appointment with your lender for the formal loan application. You’re feeling good about yourself now because, as far as you’re concerned, this house is sold...or is it? Don’t spend your money ...
Views: 725 - Is The California Realtors Contract Assignable? - by Submitted on Dec 14, 2007 from Bryan BensonThis is a question that has been asked to us several times in the past… members wanting to know if the California Realtors Contract is assignable, or will they have to close on the contract themselves and then close with buyer. We’ve also been asked if the buyer's cash covers the ...
Views: 721 - Don't Quit Your Day Job - by Submitted on Dec 13, 2007 from Bryan BensonSo many times, we run into rookies who are fed up with their regular 40 hr week job. After hearing all the stories of people getting rich with real estate, they are ready to throw in the towel on their regular job, tell their boss what they think of him, and jump full time into the business of ...
Views: 720 - Questions about Auctions: What you need to Know! Part Four - by Submitted on Apr 14, 2008 from Bryan BensonPart Four: Auction this, Auction that We have come full circle! In part one we talked about the basics of auctioning. Part two we touched on the nitty-gritty and about how to handle the auctioneer and how to get involved with the auction. Part three we really got to know our motivated seller. ...
Views: 718 - Managing Your Properties - by Submitted on Mar 05, 2008 from Bryan BensonWhat are the best policies and procedures when it comes to managing your properties? Are you getting tangled up in the words? Every time there's a hiccup in the business people run like flies. If you’ve made a lot of money on the lease purchase (and not sure how to circumvent this) you should ...
Views: 714 - To Get Really Good, You Must First Be Really Bad - Part 2 - by Submitted on Dec 05, 2007 from Bryan BensonWHACK EM! I keep telling everyone I can this is only a part time business with a full time income. If you crank up your buying machine and prescreen out the suspects quickly it only leaves you a handful of people to talk to and a few houses a month to visit for you to buy two or three deals ...
Views: 713 - Money Saving Tips - by Submitted on Jan 11, 2008 from Bryan BensonThe yellow letters are great. They do not need changing in any way, and if you follow the instructions exactly as they are given, you will get a return from them. Getting these letters written and the envelopes stuffed is something that you can do yourself. Some have chosen to get someone to ...
Views: 712 - Planned Unit Development - by Submitted on Mar 08, 2008 from Bryan BensonIs your land Planned Unit Development (PUD) approved? Do you have land that can be used to put condos or other housing on? Say you have about 10 acres, has the city approved you putting condos on it or is that just something you’re thinking about doing? Are you sitting on a goldmine? Could you ...
Views: 711 - An Extra Lot - by Submitted on Dec 27, 2007 from Bryan BensonWith all the things that may come into a deal, sometimes what might be included in the deal is an extra lot, a smaller piece of property with dimensions that are so abstract and a shape to the property that may make it difficult to sell or to build on. Problems that you may have with lots like ...
Views: 707 - Deadly Mistakes You Can Avoid-Part 1 - by Submitted on Nov 27, 2007 from Bryan BensonOver the last 23 years, I've known many investors and entrepreneurs. I've seen every possible scenario, from overnight success to plodding, sit-on-your-butt-and-do-nothing failure. I've known people who would get off to a great start, and then fade away, and some who would piddle around and ...
Views: 705 - Do You Have The Courage To Be Rich - Part 2 - by Submitted on Dec 03, 2007 from Bryan BensonWhy Did It Have To Take So Damn Long? You’re so lucky! What took me 20 years to figure out has been put in an aerosol can so you can simply spray on success almost over night. With the easy to follow and simple plan I’ve created over the years, you get to bypass those 20 years, and ...
Views: 702 - Implementing PATLive - by Submitted on Jan 04, 2008 from Bryan BensonPATLive is a telephone answering service offered to a wide array of businesses. Studies have shown that people prefer talking with a person and not an automated IVR system. The service was founded in the early 90’s in Tallahassee Florida. It has expanded nationwide and has services that ...
Views: 702 - Completing a Deal on your IRA, Part One - by Submitted on Apr 14, 2008 from Bryan BensonPart One: What is Means Say you have a deal that you want to sign right away (like tomorrow!) and you would like to do the deal on your IRA. Are you unsure of how to proceed? Do you do a trust and then your IRA will need an option from the trust? Have you found yourself in a situation you are ...
Views: 701 - Deadly Mistakes You Can Avoid - Part 2 - by Submitted on Nov 27, 2007 from Bryan Benson2. Getting into the rental business before your cash-flow needs are met. Boy, did I ever get tangled up in this one. When I first got started with real estate, I decided to buy all the rental property I could. I figured with a lot of tenants in a lot of houses, the cash would just fall into my ...
Views: 701 - Getting Down To Fundamentals - by Submitted on Mar 29, 2008 from Bryan BensonIn general this can be a tough market-but it doesn’t have to be! Remember, it IS what YOU make it! With that being said, let’s focus on a couple of fundamental principles. These fundamental principals are basically a recap of things you may have already seen (or heard) but this ...
Views: 701 - Questions About Auctions: What You Need To Know! Part Three - by Submitted on Apr 09, 2008 from Bryan BensonPart Three: The Motivated Seller We’ve talked about the basics of auctioning in part one. In part two we started to talk about what I call the nitty-gritty. We talked about what to do with the auctioneer and how to go about getting involved in the auction. We also talked about the ...
Views: 700 - Deed to Property: What You Need To Know - by Submitted on Jan 17, 2008 from Bryan BensonTo clearly understand the relationship between a buyer and a seller it is necessary to understand what is involved in the purchase of a property. A deed to property is an essential document by which the land is passed from the seller of the property to the buyer. This legal document is necessary ...
Views: 696 - Deadly Mistakes You Can Avoid - Part 4 - by Submitted on Nov 30, 2007 from Bryan Benson5. Lack of action. There's an old saying that goes "Even a turtle won't get anywhere until he sticks his neck out." Another old saying (that I made up) is "You're never going to get rich sitting on your behind and waiting for it to come to you." You have to make it happen. You have to get things ...
Views: 694 - How Do You Proceed In A Land Trust? Part II: Deciding Upon Your Exit Strategy - by Submitted on Apr 05, 2008 from Bryan BensonIn part I we discussed the perfect home you were in the process of purchasing. At this point, you are making the decision of what to do with the home. We have discussed the strategy of keeping the home for an extended period of time to see if the property value increases. Another thing that you ...
Views: 694 - Money Or Credit - How To Cater To More Of The Buying Marketplace - by Submitted on Dec 07, 2007 from Bryan BensonIf you look at the statistics today for the American population, you’ll find out quickly that it can be unrealistically difficult for the average person to obtain a traditional mortgage loan. In order to qualify through most sources, a buyer has to have a high credit rating (which ...
Views: 691 - Questioning Whether the Value of Your Property Will Rise...or Fall? Part I - by Submitted on Apr 23, 2008 from Bryan BensonDid you just purchase your property? Say you just bought a property and it wasn't through anyone person in particular, it was just on the regular market. It was with a builder who was offering a whole lot of discounts to move the property before the end of the year in a new development. Your ...
Views: 690 - Financing Your Real Estate Investment on Creative Terms - by Submitted on Dec 05, 2007 from Bryan BensonWhen investing in real estate, you’ll find there are many who are willing to put money into a property in hopes of earning revenue but few who are willing to get the proper training that will help them achieve success in real estate investment. Those that do take the time to learn the ...
Views: 688 - Capital Gains - by Submitted on Dec 13, 2007 from Bryan BensonIn finance, a capital gain is profit that results from the sale or exchange of a capital asset over its purchase price. If the price of the capital asset has declined instead of appreciated, this is called a capital loss. Capital gains occur in both real assets, such as property, as well as ...
Views: 686 - Do I Buy Property That Includes Inventory? - by Submitted on Apr 01, 2008 from Bryan BensonBefore you can even begin to answer this question you have to really ask what the property itself is worth. If you are sure (dead sure) about the value of the inventory, and you are also sure of the value of the property, then you do have a couple of options. I can try to explain it better for ...
Views: 683 - Good First Deal? - by Submitted on Mar 08, 2008 from Bryan BensonLet’s take a look at this scenario from a guy in San Diego. He thought he had a good shot on his first deal-a luxury condominium in down town San Diego. The guy owning the property was one of his past clients. He had some unfortunate things happen in his business where he's willing to let the ...
Views: 682 - How To proceed In Land Trust Part IV - by Submitted on Apr 07, 2008 from Bryan BensonRemember our friend? The owner who still hasn’t left our home? What are you going to do? Okay go back through your pretty house manual and look at a few of your exit strategies again and know that you need to be able to move them as quick as you can (just in case you can't get anything ...
Views: 681 - Dealing With Insurance - by Submitted on Mar 10, 2008 from Bryan BensonLet’s take a look at someone dealing with insurance on a property…or lack of it. Say you received the deed recently on a property worth about $675,000. You thought you had a buyer for it so you went ahead and recorded the deed. But now you have a problem. You don’t have insurance on it. You ...
Views: 677 - Media Advertisement - by Submitted on Jan 08, 2008 from Bryan BensonIf you are someone trying to buy homes, then using something like television commercials to find potential sellers goes against everything taught by FFN. If you have the appearance of being a business or company owner, it will be an immediate turn off for the seller. In some markets, buying ...
Views: 676 - Deadly Mistakes You Can Avoid - Part 3 - by Submitted on Nov 27, 2007 from Bryan Benson4. Listening to negative thinkers and "Dead Heads." Nothing kills the entrepreneurial spirit like negativity. With all the challenges you face in business, you need to keep a positive, upbeat, enthusiastic attitude about what you're doing. It's the only way you'll be able to perform at your ...
Views: 660 - Challenges Of Knowing Your True Value - by Submitted on Mar 26, 2008 from Bryan BensonChallenges you say? This business is filled with challenges around every corner. Here are some things you really need to look out for and think about before you start any kind of action. And remember-most importantly- before you start any action-you need a plan of action. When you are looking ...
Views: 658 - How Can You Identify ASeller's Market? - by Submitted on Dec 06, 2007 from Bryan BensonDo you remember in your social studies classes – government and economics – when you studied the laws of supply and demand? Perhaps you looked into the subject more deeply in college with a marketing, advertising, or finance course. Unfortunately, this is one subject you will have ...
Views: 652 - Law Of Attraction And The Vision Board - by Submitted on Mar 11, 2008 from Bryan BensonA Vision Board is a simple tool you can create to help you with getting what you want out of life via the law of attraction and manifestation. It is the visual equivalent of your thoughts, of what you desire and want in life. Your Vision Board could be your idea of a dream trip you want to take ...
Views: 650 - Existing Insurance Policies And New Purchases - by Submitted on Dec 07, 2007 from Bryan BensonTo try to work around insurance issues involved with purchasing property, some choose the route of applying for an LLC. This is done because some don’t feel comfortable getting an insurance policy in their personal name and then having that sent to the mortgage company. Applying for an ...
Views: 648 - If They Say They Will Sell For What They Owe - by Submitted on Mar 05, 2008 from Bryan BensonIf the seller says they will sell for what they owe, understand that you are taking over their debt. One of the things you want to make sure that you do is to cash them out and only pay what they owe at that time; keep in mind that is all you can pay. Remember, you'll pay the bank directly; ...
Views: 646 - Get Your Situation Under Control - by Submitted on Mar 31, 2008 from Bryan BensonHas this ever happened to you? You have found the perfect house you want to purchase. And you are even able to find the owners. They had abandoned the home, but after talking with them and making them feel comfortable you were finally able to get them to sign an Authorization to Release ...
Views: 644 - The Nightmare Property - by Submitted on Dec 17, 2007 from Bryan BensonAt first glance, it looks like a great investment and prospects of a fantastic gain are everywhere. You’ve got a great house, very good looking, everybody who sees it loves it. It's in a very promising area, you’ve got the deed on it, and you’ve been trying everything you know ...
Views: 636 - Nine Ways To Improve Your Closing Ratio - Part 2 - by Submitted on Dec 04, 2007 from Bryan BensonStep 2. Call The Loan Processor Within 3 Days To Make Sure The Appraisal Was Ordered That’s right; you actually have to check to see if they did. Remember this...every day that goes by decreases your chances of closing. It’s your job to take care of the details. No one else cares ...
Views: 626 - There IS No Bubble To Burst In Real Estate - by Submitted on Dec 11, 2007 from Bryan BensonRising real estate values and falling interest rates get a lot of people in a panic. At the same time, it seems like the trend in rising real estate costs is ending, and many are concerned. In fact, in today’s real estate market, the turn of the tides can be described as a buyer’s ...
Views: 626 - Going The Distance - by Submitted on Mar 10, 2008 from Bryan BensonMany people take the time to discuss how certain tactics aren’t working for them. Or how a strategy might not be working and they don’t have the money to invest in other tactics. Is this a viable complaint? How about this one: A woman was going to get some input on those yellow letters to ...
Views: 625 - Approaching The IRS...Should You Or Shouldn't You? - by Submitted on Mar 27, 2008 from Bryan BensonMany people think that approaching the IRS to ask for a release of Lien is a negative or scary experience. Let’s really think about what we’re doing here. If you have obtained a property with a hefty tax lien, do you think you should really approach the IRS directly? Let’s take ...
Views: 618 - Do You Have The Courage To Be Rich? - by Submitted on Nov 30, 2007 from Bryan BensonI’m constantly amazed at how the majority of the human race in a great country like America would rather spend their entire life being mediocre, swapping hours for dollars, taking little risk, playing not to lose…then going for the gusto and getting everything possible out of the ...
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